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Why Innovators Should Study the Rise and Fall of the Venetian Empire

Harvard Business Review

But when change comes suddenly, it can turn strengths into weaknesses and sweep away even thousand-year success stories. This location, consisting of a series of islands in a marshy lagoon, also pushed it to develop a (then unusual) trading and moneylending economy, since there was little land to support agriculture.

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How Merck Is Trying to Keep Disrupters at Bay

Harvard Business Review

Within EB, Merck first created a Global Health Innovation Fund and then a Healthcare Services and Solution unit to identify, develop, and operate nascent opportunities that fit that thesis. Integration is key. For ideas to become reality, a company needs repeatable processes, not only out-of-the-box insights.

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The Secrets to Building a Lucky Network

Harvard Business Review

There are no guarantees to entrepreneurial success. A major customer may default, a promised source of funding may disappear, or the world's markets may sour — any of these can shift your trajectory in an instant. Warren Buffett has famously credited most of his success to Luck. Then again, you may be lucky.

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The Right Kind of Conflict Leads to Better Products

Harvard Business Review

When partners in an alliance come into conflict, it can be just what is needed to produce a technically and commercially successful product. ” Members from each partner organization rate the alliance in areas related to strategic fit, operational fit, and cultural fit. The results were fascinating.

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How to Know If a Spin-Off Will Succeed

Harvard Business Review

The first category is exogenous factors over which the business has little control: the growth of the markets into which it sells; the competitive intensity and thus the average profitability of the industry in which it operates; or the fragmentation of its industry and thus the scope for a growth-by-acquisition approach.

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Microsoft’s Next CEO: How the Board Can Get It Right

Harvard Business Review

If the succession and search are not driven by those who have already run another firm, the company is, in our experience, less likely to end up with a CEO who can run this one. and abroad, we have come to conclude that too much of the debate around CEO succession misses one of the most important determinants of success or failure.

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Deciding to Fix or Kill a Problem Product

Harvard Business Review

The result was multiple product launches and more than 10 years of limited or no success in the connected home space. The result: Market success for the product and the company was purchased by Google for $3.2 Situation Three: It Does Not Have Good Strategic Fit. Nest took a different approach. billion in 2014.